Following weeks of frenzied stock market memes and investments - spurred by social media site Reddit and billionaire Elon Musk - a new token is surging: the joke cryptocurrency Dogecoin. The cryptocurrency, which was launched in 2013 at the height of the doge meme's popularity, has surged to a record valuation as celebrities tweeted about it - albeit a mere $0.
08 per coin, or slightly less than six pence. A number of Elon Musk's recent messages have mentioned the joke token, which had been worth roughly $0.
007 on 27 January, meaning its value has risen by more than 1,000% in just a few days. Gene Simmons of the rock band KISS has also been tweeting about Dogecoin recently, claiming to have purchased "a big position" in the cryptocurrency,.
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